Can you explain why leasehold purchase conveyancing in The Hale costs more?

In summary, leasehold conveyancing in The Hale and elsewhere usually involve additional due diligence compared to freehold conveyancing. This includes checking the lease terms, liaising with the landlord about the service of required notices, securing up-to-date service charge and management information, procuring the freeholder’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – regardless of the fact the lease has passed through many different property solicitors hands since it was first entered into.

My mortgage company has recommended solicitors on their panel based in The Hale but I would rather choose a conveyancing lawyer in The Hale local to me. Are you able to help?

The minority of The Hale conveyancing solicitors are approved and listed on all lender’s conveyancing panel. Use the above find an approved solicitor tool to choose a The Hale conveyancing firm on the on the bank panel.

I am looking for a flat up to £235,500 and found one close by in The Hale I like with amenity areas and transport links nearby, the downside is that it only has 61 years on the lease. I can't really find anything else in The Hale suitable, so just wondered if I would be making a grave error buying a short lease?

Should you require a home loan the remaining unexpired lease term will be a potential deal breaker. Discount the offer by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least 2 years you may ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this.

Looking forward to exchange soon on a ground floor flat in The Hale. Conveyancing solicitors have said that they report fully on Monday. Are there areas in the report that I should be focusing on?

The report on title for your leasehold conveyancing in The Hale should include some of the following:

What remedies are open the freeholder should you breach a clause of your lease? How long the lease is. You should be advised as what happens when the lease ends, and aware of the importance of not letting the lease term falling below eighty years You should be informed what counts as a Nuisance as far as the lease is concerned Where does the liability rest to repair and maintain the building. It is important that you know which party is duty bound to repair and maintenance of all parts of the block and estate Whether the landlord has obligations to ensure rights of quiet enjoyment over your property and do you know what it means in practice?

I am the leaseholder of a ground floor flat in The Hale. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal determine the sum payable for the purchase of the freehold?

Most definitely. We are happy to put you in touch with a The Hale conveyancing firm who can help.

An example of a Lease Extension decision for a The Hale property is 20 Orchard Court Stonegrove in June 2009. The tribunal decided that a premium of £11,040 should be payable for the new lease This case related to 1 flat. The unexpired term as at the valuation date was 71.55 years.

Is it the case that all The Hale conveyancers on every bank conveyancing panel?

You can use our search tool or you can pop into your high street lender branch in The Hale. Chances are that they will know some good conveyancing solicitors in The Hale